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    Intermediate Accounting Study Set 3
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    Exam 8: Cost-Based Inventories and Cost of Sales
  5. Question
    Harris Company Has Items That Were Incorrectly Omitted from Purchases
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Harris Company Has Items That Were Incorrectly Omitted from Purchases

Question 117

Question 117

True/False

Harris company has items that were incorrectly omitted from purchases made in 2013, but entered correctly in ending inventory. These would have overstated pre-tax income and understated liabilities.

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